Costco (COST) is cracking down on membership sharing by using scanning devices at the entrances of its stores. Catalysts Co-hosts Seana Smith and Madison...
Turning to a trending story here today, Costco , it's cracking down.ADVERTISEMENTIt's not doing much for the stock, at least in terms of any concern.There'd be maybe some of a push back shares are actually moving to the upside today.But again, this is a trending story here, Mattie at Yahoo Finance and I bring this up one just because of the popularity of Costco two because so many people are more on the hunt for deals for value something similar.
But it kind of reminds me of the price hikes and the password crackdowns, uh password sharing crackdown rather that we are seeing from some of the streamers.Uh Netflix came to mind for me, for example, when this story came up, it seems like as we continue to see companies having to find uh kind of creative ways to increase their pricing power to up their margins every quarter after quarter.
So this is why this is so critical and something that the street closely washes and also why, what was it just a few weeks ago, maybe a month or two ago at this point?But Costco recently raised, I believe is the last earnings report raising the, uh, membership fee by five bucks to $65 in the US and Canada, it was the first time they did that since 2017 and that is set to go into effect on September 1st.
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